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American Airlines Gives Up On Its Latest Fare Hike

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(credit: AP Photo/Jason DeCrow)

(credit: AP Photo/Jason DeCrow)

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DALLAS (AP) — Finally, score one for cheaper airfares.

American Airlines is giving up on its move to boost prices $10 on round-trips within the U.S. after other airlines declined to match the increase. American increased fares Wednesday night.

Airlines have raised prices several times this year, citing the need to cover the rising price of fuel, which can account for more than one-third of their spending.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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